Joby Acquires Defense Tech Firm Resonant Sciences for $500M

Joby Aviation is acquiring Resonant Sciences, a defense technology firm specializing in stealth and radio frequency applications, for $500 million. The deal signals Joby's expansion beyond commercial air taxi into dual-use and military aerospace markets.

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This acquisition materially widens Joby's addressable market by adding defense-relevant stealth and RF capabilities to its eVTOL platform, positioning it to compete for military contracts alongside Archer-Anduril and Beta Technologies in the military eVTOL space. The $500 million price signals that stealth and RF technology for eVTOL applications commands significant premium in the current defense procurement environment. Joby's commercial certification progress combined with Resonant's defense IP creates a credible dual-use platform that could attract DoD funding streams unavailable to purely commercial operators. Defense procurement cycles are long and sticky, so this acquisition could underpin Joby's revenue for a decade beyond commercial aviation ramp-up. Competitors without defense technology assets may find themselves at a structural disadvantage as military eVTOL budgets grow.